Jun 15, 2023 | Personal Tax
HMRC has extended the deadline for voluntary National Insurance contributions (NICs) by nearly two years. Taxpayers now have until 5 April 2025 to fill in gaps on their National Insurance records between 2006 and 2017 and increase their state pension entitlements. In...
Jun 7, 2023 | Personal Tax
The All Party Parliamentary Group (APPG) for digital assets and crypto is urging the Government to introduce tougher restrictions on the crypto sector. The APPG set out a 53-point plan earlier this week to prevent the UK from falling behind in global crypto market...
May 26, 2023 | Government AnnouncementsPersonal Tax
HMRC has revealed that the self-assessment threshold for PAYE taxpayers will increase from £100,000 to £150,000 for the 2023/24 tax year. Currently, individuals taxed through PAYE only are legally required to file a self-assessment tax return if they make more than...
May 2, 2023 | Business RegulationBusiness TaxPersonal Tax
HMRC has launched a consultation that will run until June, focusing on the risks of double taxation in the IR35 system. Current legislation could change to offset tax payments by contractors who are accidentally charged as if they were sole traders. At the moment,...
Mar 29, 2023 | Government AnnouncementsPersonal Tax
HMRC is notifying self-assessment taxpayers that they will no longer receive paper returns automatically. Almost 97% of self-assessment customers filed their returns online for the 2023/24 tax year, with just 135,000 people choosing to submit paper returns. In a...
